Monday, April 28, 2014
Canadian Digital Currency Attempt
I noticed an interesting article as I was browsing Reddit the other day titled "Canadian Government to End ‘MintChip’ Digital Currency Program" Coin Desk. The article was actually posted in the bitcoin subreddit but after reading I felt it made a connection to one of Canadas attempts to transform its currency system to an online medium, eliminating physical currency. As bitcoin currency slowly gains mainstream popularity, it seems Canada has taken a particularly harsh stance on the digital currency. While MintChip was ultimately scrapped by the Canadian government, the idea of a global currency that is all digital is probably a scary notion to more countries than just the Canadians.